TheStreet Upgrades Leidos Holdings, Inc. (LDOS) to B+
Leidos Holdings, Inc. (NYSE:LDOS) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b+” rating in a note issued to investors on Monday.
LDOS has been the subject of a number of other research reports. Cowen and Company reaffirmed a “buy” rating and issued a $66.00 target price on shares of Leidos Holdings in a report on Tuesday, September 19th. Goldman Sachs Group, Inc. (The) raised Leidos Holdings from a “neutral” rating to a “buy” rating and upped their target price for the stock from $61.00 to $68.00 in a report on Thursday, August 10th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $52.00 target price on shares of Leidos Holdings in a report on Friday, August 18th. Zacks Investment Research raised Leidos Holdings from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a report on Saturday, August 5th. Finally, ValuEngine raised Leidos Holdings from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Ten equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of $64.33.
Shares of Leidos Holdings (NYSE:LDOS) traded up 2.12% during mid-day trading on Monday, hitting $61.53. The stock had a trading volume of 1,117,536 shares. Leidos Holdings has a 1-year low of $40.96 and a 1-year high of $61.95. The company has a market capitalization of $9.30 billion, a P/E ratio of 27.57 and a beta of 1.72. The stock’s 50-day moving average price is $57.60 and its 200 day moving average price is $54.44.
Leidos Holdings (NYSE:LDOS) last issued its earnings results on Thursday, August 3rd. The aerospace company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.27. Leidos Holdings had a return on equity of 17.35% and a net margin of 3.34%. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. The business’s revenue for the quarter was up 99.6% compared to the same quarter last year. On average, analysts predict that Leidos Holdings will post $3.55 EPS for the current fiscal year.
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In other news, Director Gary Stephen May sold 800 shares of the stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $55.75, for a total value of $44,600.00. Following the completion of the sale, the director now owns 6,680 shares of the company’s stock, valued at $372,410. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Jerald S. Howe, Jr. purchased 2,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was bought at an average cost of $55.32 per share, with a total value of $110,640.00. Following the purchase, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $110,640. The disclosure for this purchase can be found here. Corporate insiders own 1.70% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Leidos Holdings by 0.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,975 shares of the aerospace company’s stock valued at $102,000 after buying an additional 18 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Leidos Holdings by 31.2% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,158 shares of the aerospace company’s stock valued at $111,000 after buying an additional 513 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in shares of Leidos Holdings by 2.0% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,191 shares of the aerospace company’s stock valued at $113,000 after buying an additional 44 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of Leidos Holdings by 263.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,111 shares of the aerospace company’s stock valued at $161,000 after buying an additional 2,254 shares during the period. Finally, Hanseatic Management Services Inc. acquired a new stake in shares of Leidos Holdings in the second quarter valued at about $174,000. 74.54% of the stock is owned by institutional investors.
About Leidos Holdings
Leidos Holdings, Inc (Leidos) is a science and technology solutions company focused on delivering solutions primarily in the areas of national security, health and engineering. The Company is a holding company whose direct 100%-owned subsidiary is Leidos, Inc, which delivers science and technology solutions in the areas of national security, health and engineering to agencies of the United States Department of Defense (DoD), the intelligence community, the United States Department of Homeland Security, and other United States Government civil agencies, state and local government agencies, foreign governments and customers across a variety of commercial markets.
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